Rare 6.46-Acre Waterfront Development Opportunity on East Lake Tohopekaliga
An exceptional opportunity to acquire 6.46± acres of waterfront property in one of Central Florida’s fastest-growing areas. This offering includes two parcels totaling approximately 6.46 acres, consisting of a 2.66-acre improved parcel and an adjacent 3.80-acre vacant parcel, providing incredible flexibility for investors, developers, builders, or those seeking a private waterfront estate.
The improved parcel currently features multiple residential units that generate approximately $30,000 in annual rental income, with the opportunity to increase income by approximately $18,000 annually through leasing the remaining units. Generate cash flow while planning your future vision.
The true value of this property lies in its land, location, and development potential. With expansive frontage, mature oak trees, and direct access to beautiful East Lake Tohopekaliga, this is a rare opportunity to create a luxury waterfront enclave or private family compound. Preliminary concepts may allow for multiple estate-sized homes with guest houses, subject to county approvals and buyer due diligence.
Located just minutes from Lake Nona, Medical City, Orlando International Airport, major highways, shopping, and dining, properties of this size with waterfront acreage are becoming increasingly difficult to find.
Property Highlights
• 6.46± acres across two parcels
• 2.66-acre improved parcel
• 3.80-acre adjacent vacant parcel
• Direct waterfront location on East Lake Tohopekaliga
• Existing income-producing improvements
• Approximately $30,000 annual rental income with additional upside
• Excellent investment, redevelopment, or estate opportunity
• Potential for future subdivision or luxury estate development (subject to county approval)
• Minutes from Lake Nona, Medical City, Orlando International Airport, and major roadways
Opportunities of this scale, location, and potential are exceptionally rare in Central Florida.
An exceptional opportunity to acquire 6.46± acres of waterfront property in one of Central Florida’s fastest-growing areas. This offering includes two parcels totaling approximately 6.46 acres, consisting of a 2.66-acre improved parcel and an adjacent 3.80-acre vacant parcel, providing incredible flexibility for investors, developers, builders, or those seeking a private waterfront estate.
The improved parcel currently features multiple residential units that generate approximately $30,000 in annual rental income, with the opportunity to increase income by approximately $18,000 annually through leasing the remaining units. Generate cash flow while planning your future vision.
The true value of this property lies in its land, location, and development potential. With expansive frontage, mature oak trees, and direct access to beautiful East Lake Tohopekaliga, this is a rare opportunity to create a luxury waterfront enclave or private family compound. Preliminary concepts may allow for multiple estate-sized homes with guest houses, subject to county approvals and buyer due diligence.
Located just minutes from Lake Nona, Medical City, Orlando International Airport, major highways, shopping, and dining, properties of this size with waterfront acreage are becoming increasingly difficult to find.
Property Highlights
• 6.46± acres across two parcels
• 2.66-acre improved parcel
• 3.80-acre adjacent vacant parcel
• Direct waterfront location on East Lake Tohopekaliga
• Existing income-producing improvements
• Approximately $30,000 annual rental income with additional upside
• Excellent investment, redevelopment, or estate opportunity
• Potential for future subdivision or luxury estate development (subject to county approval)
• Minutes from Lake Nona, Medical City, Orlando International Airport, and major roadways
Opportunities of this scale, location, and potential are exceptionally rare in Central Florida.
Property Details
Price:
$1,938,000
MLS #:
O6420498
Status:
Active
Beds:
6
Baths:
5
Type:
Multi Family
Subtype:
Duplex
Subdivision:
ACREAGE & UNREC
Neighborhood:
34744kissimmee
Listed Date:
Jun 27, 2026
Finished Sq Ft:
3,429
Total Sq Ft:
4,881
Lot Size:
281,397 sqft / 6.46 acres (approx)
Year Built:
1996
See this Listing
Schools
Elementary School:
East Lake Elem
Middle School:
Narcoossee Middle
High School:
Tohopekaliga High School
Interior
Cooling
Central Air
Heating
Electric
Interior Features
Ceiling Fan(s)
Laundry Features
Common Area
Exterior
Common Walls
End Unit
Construction Materials
Block, Concrete, Stucco
Covered Spaces
6
Exterior Features
Garden
Garage Spaces
4
Lot Features
Corner Lot, Oversized Lot, Private, Street Dead-End
Other Structures
Boat House, Guest House
Parking Features
Boat, Covered, Oversized, RV Parking
Patio And Porch Features
Deck
Roof
Other
View
Garden, Pool, Trees/Woods, Water
Waterfront Features
Canal Front
Financial
Tax Year
2025
Taxes
$8,829
Map
Community
- Address2690 E LAKE ROAD KISSIMMEE FL
- SubdivisionACREAGE & UNREC
- CityKISSIMMEE
- CountyOsceola
- Zip Code34744
Subdivisions in KISSIMMEE
- Association of Poinciana Villages
- BELLALAGO
- BELLAVIDA PH 01
- COMPASS BAY
- EAGLE LAKE PH 1
- EAST PALM RESORT CONDO
- MargaritaVille
- POINCIANA NBRHD 5 NORTH VILL 3
- POINCIANA SUBDIVISION NBRHD 5 NORTH VIL 3
- POINCIANA VLG 2 NBHD 1
- ROLLING OAKS PH 7
- Siesta Lago
- SONOMA RESORT AT TAPESTRY PH 1
- STOREY CREEK PH6
- STOREY LAKE TR K
- SUMMERVILLE RESORT
- VENTURA AT WINDSOR HILLS CONDO PH 1
Market Summary
Current real estate data for Multi Family in KISSIMMEE as of Aug 29, 2026
28
Multi Family Listed
159
Avg DOM
249
Avg $ / SqFt
$864,849
Avg List Price
Property Summary
- Located in the ACREAGE & UNREC subdivision, 2690 E LAKE ROAD KISSIMMEE FL is a Multi Family for sale in KISSIMMEE, FL, 34744. It is listed for $1,938,000 To schedule a showing of MLS#o6420498 at 2690 E LAKE ROAD in KISSIMMEE, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of REALTY ONE GROUP INSPIRATION. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 2690 E LAKE ROAD
KISSIMMEE, FL
